LONDON, Dec. 14, 2016 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by application (safety and protection, frictional material, rubber reinforcement, electrical transmission (optical fiber), others), product (para aramid fiber, meta aramid fiber), end use industry (automotive, aerospace, protective clothing, electronics and telecommunication, others), and region (North America, Europe, Asia Pacific, Rest of the World)
The global aramid fiber market is expected to reach an estimated $3.8 billion by 2021 and it is forecast to grow at a CAGR of 6.2% from 2016 to 2021. The major drivers of growth for this market are increasing usage of aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing from defense and industrial sectors.
The major emerging trend, which has a direct impact on the dynamics of the industry, is the increasing penetration of aramid fiber in head protection applications.
A total of 113 figures / charts and 18 tables are provided in this 144-page report to help in your business decisions.
The study includes a forecast for the global aramid fiber market by application, product type, by end user, and region, as follows:
By application type (Value ($M) and Volume (M lbs) shipment analysis for 2010 - 2021):
- Safety and Protection
- Frictional Material
- Rubber Reinforcement
- Electrical Transmission (Optical Fiber)
By product type (Value ($M) and Volume (M lbs) shipment analysis for 2010 - 2021):
- Para Aramid Fiber
- Meta Aramid Fiber
By end use industry (Value ($M) and Volume (M lbs) shipment analysis for 2010 - 2021):
- Protective Clothing
- Electronics and Telecommunication
By region (Value ($M) and Volume (M lbs) shipment analysis for 2010 - 2021):
- North America
- Asia Pacific
- The Rest of the World
Teijin Aramid, Dupont, Kolon Industries, Yantai Tayho Advanced Materials Co. Ltd., and Hyosung Corporation are among the major suppliers of the aramid fiber market.On the basis of its comprehensive research, Lucintel forecasts that the segments of aerospace and protective clothing are expected to show above average growth during the forecast period of 2016 to 2021.
Within the global aramid fiber market, safety and protection, friction material, rubber reinforcement, and electrical transmission are the major applications. The safety and protection application is expected to remain the largest market by value and volume consumption. This is due to growth in demand for protective clothing from the military personnel and stringent regulations in Europe and North America regarding employee health and safety, which would spur growth for this segment over the forecast period.
North America is expected to remain the largest region due to increasing government investments in safety and protection applications and significant growth in the automotive and aerospace industry.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth segments in the global aramid fiber market by product type (para and meta aramid fiber), application (safety and protection, frictional material, rubber reinforcement, electrical transmission, and others), end use industry (aerospace, automotive, electronics and telecommunication, protective clothing, and others), and region (North America, Europe, Asia Pacific and the Rest of the World)?
Q.2. Which product segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
Q.11. What M & A activities have transpired in the last 5 years in this market and what impact have these activities had on the industry?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the automotive TPMS Tier-1 suppliers in automotive market are Sensata Technologies, Continental AG, Pacific Industrial Co. Ltd., Robert Bosch Gmbh, Freescale Semiconductor, Inc. TPMS are used for making of pressure sensor, transmitter, receiver, display module. Companies who use TPMS for making various automotive parts are Sensata Technologies, Continental AG, Pacific Industrial Co.Ltd, ZF TRW Automotive Holdings Corporation, Huf Electronics.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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